Administrators confirm desserts maker takeover talks

A struggling Essex-based desserts maker could be rescued after administrators confirmed discussions were taking place with a prospective new owner.

Talks “​with a view to concluding a sale”​ of Indulgence Patisserie were ongoing, according to administrators RSM Restructuring Advisory.

Abigail Shearing and Steven Law of RSM were appointed joint administrators on 20 January. All staff have been retained as RSM seek to conclude a sale of the business.

Founded in 1988, Indulgence Patisserie has been producing bespoke own-label and branded desserts for retail and foodservice since 1997.

Indulgence brand​

The firm makes products such as cheesecake, gateaux, tiramisu and parfait under the Indulgence brand, along with pastry desserts, coffee shop-style cakes and hot eating desserts. It started exporting in 2003.

The company’s annual report and accounts, to 31 May 2018, showed a 16% fall in turnover, to £6.1m. It made an operating loss of £424k for the year, in contrast to an operating profit of £480k for the previous financial year.